How Sullivan was paid
$1M in total for 2024, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.
Named executive officers
| Executive | Salary | Bonus | Stock | Other | Total |
|---|---|---|---|---|---|
| Edward M. NigroExecutive Chairman | $250,000 | $193,750 | $365,841 | $19,802 | $829,393 |
| T. Ryan SullivanPresident and Chief Executive Officer | $400,000 | $193,750 | $365,841 | $43,485 | $1,003,076 |
| Nancy M. DeCouEVP & Chief SBA Officer of GBank | $229,662 | — | $79,020 | $4,056,947 | $4,365,629 |
What changed and why
- 50%50%: Target AIP bonuses for Nigro and Sullivan were based on each executive’s annual base salary.
- 125%125%: Diluted earnings per share of $1.39 determined the first-tier potential AIP payout.
- $194K$193,750: Actual 2024 AIP payments for both Nigro and Sullivan matched the reported bonus amounts.
- $4M$3,999,858: DeCou’s other compensation included total commissions, reflecting her commission-based employment structure.
- 16,667: Nigro and Sullivan each received time-based restricted stock units; DeCou received 3,600 units.
Other GBank Financial Holdings proxy statements
- 2026 proxy statement
Edward M. Nigro paid $1.3M (+55% on the year).
Filed Mar 31, 2026
About this page
Figures are automated and can be wrong; check the filing for the exact numbers. Totals follow SEC rules, which value stock and option awards at grant. Read the DEF 14A proxy statement for footnotes and the compensation committee's full reasoning.